Day to day discussions on S/P, page-5706

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Siva108

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09/12/18

18:50

Post #: 36799105
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Originally posted by ChristopherC ↑

Hoping to add some sensible insights,

II think PLS SP does track lithium prices and of late they have been up and down, but overall not going anywhere , more sideways if anything.Couple this with global market jitters on trade war and global economy slowing and you get SP slowly dropping. Nothing to do with company fundermentals which are fine. Overall resources are extreamly cheap at the moment and i suspect we may find we are near bottom and I believe that when Trump decides to kiss and make up with China, we will see a change in sentiment for Resources and 2019 will see the start of a bull market on resources globally and PLS will benefit substantially from this.
Price estimates of 45 c and $15 are not worth taking notice of but i do predict real SP value should be in the 1.80 to 2.00 dollar range by end of 2019 based on what MIN got for half their resource, which makes our current price a steal.
In defence of the chap who brought Hydrogen into the argument, some may want to note that Fortescue is stumping up $50 m in cohorts with the csiro to further the technology and there are several car makers in Japan doing the same. That being said the cost of running a Hydrogen car vs a li-ion car is a non contest at present as li-ion wins on cost. But it is obvious to me that Twiggy and his fellow board members at Fortescue see some sort of commercialisation potential and Hydrogen may gain some market share in the long term.
II am really looking forward to our next financials to see what sort of revenue is rolling in. I have invested about 5 % of Mrs C's super fund on this one and at an average of 77 cents, will be looking to increase this percentage if the opportunity to average down comes about.
AAt present i have no sleepless nights worrying about this company as it is fundermentally sound and inexpensive at the current shareprice.
II would also hope for all those fixated to daily SP movements that we have a nice run up in SP moving towards christmas so that all can get some sleep over the holiday period.

Christopher

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This week and next will reveal exact where the SP is heading. With announcement on MIN/ALB Wodgina deal on Thursday and PLS funding of stage 2 any day one would think the downward spiralling SP would at least stop...

PLS Price at posting: 77.5¢ Sentiment: Buy Disclosure: Held
11 Upvote

2 Great analysis

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Last $2.91		Change -0.090(3.00%)		Mkt cap ! $8.763B

Open	High	Low	Value	Volume
$3.02	$3.06	$2.90	$43.68M	14.76M

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No.	Vol.	Price($)
3	12200	$2.90

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Price($)	Vol.	No.
$2.92	3400	1

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No.	Vol.	Price($)
3	12200	2.900
9	176540	2.890
10	376627	2.880
7	151436	2.870
7	158842	2.860

Price($)	Vol.	No.
2.920	3400	1
2.930	22150	4
2.940	1000	1
2.950	370616	6
2.960	29812	5

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